China Mobile Ltd. (NYSE:CHL) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company.
A number of research analysts recently issued reports on CHL shares. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Credit Suisse Group cut shares of China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 9th. Mizuho cut shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Monday, November 19th. Finally, Nomura raised shares of China Mobile from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th.
Shares of NYSE:CHL opened at $51.05 on Friday. The company has a market capitalization of $207.95 billion, a P/E ratio of 12.36, a PEG ratio of 3.00 and a beta of 0.62. China Mobile has a 1 year low of $43.25 and a 1 year high of $53.23.
About China Mobile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
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